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Alibaba Group will invest over 100 billion yuan to build the technical backbone for a smart logistics network aimed at improving delivery reach and efficiency, as well as sharply driving down logistics costs, said Jack Ma, Executive Chairman of Alibaba

The Hong Kong Monetary Authority (HKMA) published today a revised Guideline on Authorization of Virtual Banks (the Guideline) following the completion of a public consultation. During the public consultation, the HKMA received submissions from a total of 25 respondents, including

Cross-border finance is developing rapidly thanks to the opening up of China’s capital market, opportunities brought by the development of the Guangdong-Hong Kong-Macao Greater Bay Area. Take Industrial and Commercial Bank of China (Asia) as an example. ICBC (Asia) started its cross-border RMB business in

Starting from this month, fintech startups in Taiwan can officially apply to join the fintech regulatory sandbox (also known as “Finance Science and Technology Development and Innovation Experiments Bill”) established by the Financial Supervisory Commission. The fifth country to have

China is undeniably the world leader in fintech, hosting some of the most innovative and successful companies in the sector, including Alibaba’s Ant Financial worth a whopping US$150 billion and Lufax, China’s largest online wealth management platform worth an estimated

Verasity, the video-sharing platform enhanced with blockchain technology that rewards viewers for watching and sharing videos, has benefitted from pre-sale growth in both membership and community traction. The company’s momentum reflects the growing need for direct and transparent relationship between

Cyberport, which houses the largest fintech community in Hong Kong, has been at the forefront of the fintech revolution as the organization works towards developing the local digital technology industry and turn Hong Kong into a “smart city.” Claiming a

Blockchain has been an important topic for fintech development in Hong Kong. As a global financial hub, it is no surprise investors flock to Hong Kong for ICOs and cryptocurrency trading. However, blockchain startups in Hong Kong do not just

Only 1 percent of CIOs indicated any kind of blockchain adoption within their organizations, and only eight percent of CIOs were in short-term planning or active experimentation with blockchain, according to Gartner’s 2018 CIO Survey. Furthermore, 77percentt of CIOs surveyed said their organization

HSBC Holdings has become one of the first banks in the world to let corporate customers access mobile banking using facial-recognition technology, speeding up the log-in process and increasing account security. Clients can now use Face ID in 24 countries

Hong Kong is expected to see a boost in fintech activity after a relatively disappointing year in 2018 as the region saw a sharp dip in the total value of The post A Snapshot of Fintech in Hong Kong in 2019 appeared first on Fintech Hong Kong.